Arizona Electric Utility Boosts Planned Capex Program 24% to $9.65 Billion

December 24, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Strong economic growth, powered by the construction of data centers, semiconductor manufacturers, cybersecurity facilities, medical technology companies, battery and energy-storage manufacturers and population growth in its service territory, has caused electric utility Arizona Public Service Company (APS) (Phoenix, Arizona) to increase its four-year capital expenditure (capex) program 24%, to an estimated $9.65 billion for the 2024-2027 period.